NYSE:EFC

Ellington Financial (EFC) Stock Price, News & Analysis

$11.62
+0.01 (+0.09%)
(As of 03:40 PM ET)
Today's Range
$11.53
$11.71
50-Day Range
$10.92
$12.16
52-Week Range
$10.88
$14.21
Volume
412,039 shs
Average Volume
1.07 million shs
Market Capitalization
$988.40 million
P/E Ratio
12.91
Dividend Yield
13.43%
Price Target
$13.95

Ellington Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
20.1% Upside
$13.95 Price Target
Short Interest
Healthy
4.48% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.33mentions of Ellington Financial in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.73%
From $1.53 to $1.74 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.35 out of 5 stars

Finance Sector

448th out of 858 stocks

Real Estate Industry

8th out of 22 stocks

EFC stock logo

About Ellington Financial Stock (NYSE:EFC)

Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments; and consumer loans and asset-backed securities backed by consumer and commercial assets. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it intends to distribute at least 90% of its taxable income as dividends to shareholders. Ellington Financial LLC was incorporated in 2007 and is headquartered in Old Greenwich, Connecticut.

EFC Stock Price History

EFC Stock News Headlines

The Long-Awaited End of America Update
A 995% Gain Last Time We Shared this "Election Secret" It's a straightforward way to come out on top no matter who wins this November… It's not cryptos, or options, and anyone can do it.
What Analysts Are Saying About Ellington Financial Stock
The Long-Awaited End of America Update
A 995% Gain Last Time We Shared this "Election Secret" It's a straightforward way to come out on top no matter who wins this November… It's not cryptos, or options, and anyone can do it.
EFC Oct 2024 10.000 put
EFC Apr 2024 7.500 call
EFC Apr 2024 22.500 put
EFC Oct 2024 15.000 call
EFC Jul 2024 17.500 put
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Ex-Dividend for 4/25 Dividend
3/27/2024
Dividend Payable
4/25/2024
Ex-Dividend for 5/28 Dividend
4/29/2024
Today
5/02/2024
Next Earnings (Confirmed)
5/07/2024
Dividend Payable
5/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
REIT - Mortgage
Sub-Industry
N/A
Employees
400
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$13.95
High Stock Price Target
$15.00
Low Stock Price Target
$13.25
Potential Upside/Downside
+20.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$84.81 million
Pretax Margin
24.10%

Debt

Sales & Book Value

Annual Sales
$107.72 million
Cash Flow
$1.70 per share
Book Value
$17.35 per share

Miscellaneous

Free Float
81,314,000
Market Cap
$987.55 million
Optionable
Optionable
Beta
1.92
12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. J. R. Herlihy (Age 42)
    CFO & Treasurer
    Comp: $741.26k
  • Mr. Christopher M. Smernoff (Age 46)
    Chief Accounting Officer
    Comp: $477.01k
  • Mr. Laurence Eric Penn (Age 62)
    CEO, President & Director
  • Mr. Mark Ira Tecotzky (Age 62)
    Co-Chief Investment Officer
  • Mr. Michael William Vranos (Age 62)
    Co-Chief Investment Officer
  • Mr. Daniel Reuven Margolis (Age 51)
    General Counsel
  • Mr. Vincent Ambrico
    Controller
  • Mr. Alaael-Deen Shilleh
    Associate General Counsel & Secretary

EFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Ellington Financial stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Financial in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EFC shares.
View EFC analyst ratings
or view top-rated stocks.

What is Ellington Financial's stock price target for 2024?

6 equities research analysts have issued 1 year price targets for Ellington Financial's stock. Their EFC share price targets range from $13.25 to $15.00. On average, they anticipate the company's stock price to reach $13.95 in the next twelve months. This suggests a possible upside of 20.1% from the stock's current price.
View analysts price targets for EFC
or view top-rated stocks among Wall Street analysts.

How have EFC shares performed in 2024?

Ellington Financial's stock was trading at $12.71 at the start of the year. Since then, EFC stock has decreased by 8.6% and is now trading at $11.62.
View the best growth stocks for 2024 here
.

Are investors shorting Ellington Financial?

Ellington Financial saw a drop in short interest in April. As of April 15th, there was short interest totaling 3,810,000 shares, a drop of 17.4% from the March 31st total of 4,610,000 shares. Based on an average trading volume of 1,110,000 shares, the short-interest ratio is currently 3.4 days.
View Ellington Financial's Short Interest
.

When is Ellington Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our EFC earnings forecast
.

How can I listen to Ellington Financial's earnings call?

Ellington Financial will be holding an earnings conference call on Wednesday, May 8th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-7344.

How were Ellington Financial's earnings last quarter?

Ellington Financial Inc. (NYSE:EFC) released its quarterly earnings data on Monday, February, 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by $0.01. The financial services provider had revenue of $27.99 million for the quarter, compared to the consensus estimate of $30.77 million. Ellington Financial had a trailing twelve-month return on equity of 11.36% and a net margin of 78.53%. During the same quarter in the previous year, the company earned $0.42 earnings per share.

How often does Ellington Financial pay dividends? What is the dividend yield for Ellington Financial?

Ellington Financial declared a monthly dividend on Monday, April 8th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.13 per share on Tuesday, May 28th. This represents a $1.56 dividend on an annualized basis and a yield of 13.43%. The ex-dividend date is Monday, April 29th.
Read our dividend analysis for EFC
.

Is Ellington Financial a good dividend stock?

Ellington Financial (NYSE:EFC) pays an annual dividend of $1.56 per share and currently has a dividend yield of 13.64%. EFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 173.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EFC will have a dividend payout ratio of 89.66% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EFC.

What other stocks do shareholders of Ellington Financial own?
Who are Ellington Financial's major shareholders?

Ellington Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (0.78%), Van ECK Associates Corp (0.67%), Principal Financial Group Inc. (0.48%), Mutual of America Capital Management LLC (0.29%), Norden Group LLC (0.13%) and BNP Paribas Financial Markets (0.04%).
View institutional ownership trends
.

How do I buy shares of Ellington Financial?

Shares of EFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EFC) was last updated on 5/2/2024 by MarketBeat.com Staff

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